NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Metro Bank PLC (“Metro Bank” or the “Company”) (OTC:MBNKF). This investigation concerns whether Metro Bank has violated federal securities laws and/or engaged in other unlawful business practices.
On May 1, 2019, Metro Bank announced that it had lost a “small number of large commercial and partnership customers” following a disclosure earlier in the year of an accounting error in the Company’s risk-weighted assets. The loss of these customers led to a drop in profits for the first quarter of 2019. On this news, the Company’s share price fell $1.69 per share, approximately 16.2%, to close at $8.76 on May 2, 2019.
If you acquired Metro Bank securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at email@example.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, and whistleblower litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: www.kmllp.com.
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